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Manufacturing still growing despite slowdown

Manufacturing in the past month continued its growth despite slowing down, according to a report from the Institute for Supply Management

Despite registering a 1.9 percent decrease from August to September, the ISM still considers the manufacturing industry to be growing. The 54.4 percent purchasing managers index indicates expansion within the manufacturing economy for the 14th consecutive month, but it is the lowest mark ISM recorded since November 2009.

Overall, the PMI indicated overall economic growth for the 17th consecutive month.

Any reading above 50 percent indicates manufacturing expansion while a long-term PMI in excess of 42 percent suggests an overall economic growth.

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